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Healthcare May Be the Ultimate Proving Ground for Artificial Intelligence
Healthcare may lag other industries in artificial intelligence (AI) adoption, but may be the ultimate proving ground where AI can really demonstrate its worth across many dimensions — introducing greater productivity and responsiveness into a sector burdened by financial squeezes, paperwork and regulations, while improving outcomes in life-or-death decisions.
From a financial perspective, wider adoption of AI could lead to savings of 5% to 10% in US healthcare spending—roughly $200 billion to $360 billion annually in 2019 dollars — within the next five years, according to a paper recently published by the National Bureau of Economic Research. Along with cost control, AI may also deliver non-financial benefits “such as improved healthcare quality, increased access, better patient experience, and greater clinician satisfaction.”
Medigy Insights
Artificial intelligence (AI) has emerged as a transformative force in healthcare, offering senior leaders a remarkable opportunity to reshape the industry. From revolutionizing patient care to optimizing treatment plans and predicting diseases, AI's potential is awe-inspiring. By leveraging vast data and advanced algorithms, AI can enhance clinical decision-making, improve healthcare outcomes, and drive down costs. However, as AI takes center stage, it is crucial to navigate ethical considerations and mitigate algorithmic biases. As senior healthcare leaders, embracing this pioneering frontier means spearheading innovation and harnessing the true power of AI to usher in a future of unparalleled advancements and superior patient care.
Continue reading at forbes.com
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